Rail bonds proposal on track



Investors are giving a cautious welcome to the UK rail authority’s proposal to issue bonds to fund maintenance of the network. But investors may demand a small premium because of last year’s uncertainty over whether holders of bonds in Railtrack – the former owner of the UK’s rail network – would be repaid in full after the government put the company into administration.

Tim Webb, bond portfolio manager at Barclays Global Investors, says: “Bondholders going forward will look into every

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here